"Deceleration in credit growth was observed in respect of mining and quarrying, textiles, wood and wood products, petroleum and coal product, chemical and chemical products, glass and glassware, cement and cement products, basic metals, engineering, gems and jewellery and infrastructure," RBI said in a release on Sectoral Deployment of Bank Credit–March 2014.

Credit to non-food sector increased faster, with growth of 14.3 per cent to Rs 55.66 lakh crore in March 2014. In the year ago period, it rose by 13.5 percent at Rs 48.70 lakh crore.